When an Asset Is Measured Using the Revaluation Model,any Impairment

question 44

Multiple Choice

When an asset is measured using the revaluation model,any impairment loss is treated as:

• A)a revaluation decrement.
• B)a revaluation increment.
• C)a set-off against depreciation expense.
• D)an addition to depreciation expense.

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Definitions:

Carbon Atom

The fundamental chemical element with symbol C, essential to all known life forms and the basis of organic chemistry.

Carboxyl Group

A weakly acidic functional group; abbreviated —COOH.

Ionized

Refers to an atom or molecule that has gained or lost electrons, thus acquiring a charge and becoming an ion.

Nonionized

Referring to molecules that do not carry an electric charge due to loss or gain of electrons, affecting their solubility and reactivity.